General Dynamics
Electric Boat (EB), in Groton, Connecticut, was started in 1899 and acquired by GD in the 1960s. Bath Iron Works (BIW), in Bath, Maine, was started in 1833, acquired by Prudential Securities in 1986, and acquired by GD in September 1995. GD combined BIW with EB and its AMSEA ship operating operation in a new division called GD Marine Systems, starting in 1996. National Steel and Shipbuilding Company (NASSCO) in San Diego, California, was started during WWII and acquired by Kaiser Steel and Morrison-Knudsen in the 1960s. Kaiser sold its 50% share to Morrison-Knudsen in 1980 and Morrison-Knudsen spun NASSCO off to its employees in 1989. GD acquired NASSCO in October 1998 and combined it with the other companies in GD Marine Systems.
| GENERAL DYNAMICS | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 |
| mm USD | mm USD | mm USD | mm USD | mm USD | mm USD | mm USD | mm USD | mm USD | mm USD | mm USD | mm USD | |
| Net Sales | 4,081 | 4,612 | 5,374 | 8,959 | 10,356 | 12,163 | 13,829 | 16,369 | 19,178 | 21,124 | 24,063 | 27,240 |
| Operating Margin | 403 | 501 | 582 | 1,203 | 1,329 | 1,485 | 1,582 | 1,445 | 1,941 | 2,197 | 2,625 | 3,113 |
| Operating Margin (%) | 9.9% | 10.9% | 10.8% | 13.4% | 12.8% | 12.2% | 11.4% | 8.8% | 10.1% | 10.4% | 10.9% | 11.4% |
| Net Income | 290 | 338 | 380 | 880 | 901 | 943 | 917 | 1,004 | 1,227 | 1,461 | 1,856 | 2,072 |
| Net Income (%) | 7.1% | 7.3% | 7.1% | 9.8% | 8.7% | 7.8% | 6.6% | 6.1% | 6.4% | 6.9% | 7.7% | 7.1% |
| Total Assets | 3,999 | 4,791 | 4,572 | 7,774 | 7,987 | 11,069 | 11,731 | 16,183 | 17,544 | 19,591 | 22,376 | 25,733 |
| Stockholders' Equity | 2,014 | 2,215 | 2,219 | 3,170 | 3,820 | 4,528 | 5,199 | 5,921 | 7,189 | 8,145 | 9,827 | 11,768 |
| Property, Plant and Equipment | 541 | 692 | 698 | 1,169 | 1,294 | 1,768 | 1,856 | 2,060 | 2,169 | 2,125 | 2,168 | 2,472 |
| Depreciation | 77 | 101 | 135 | 129 | 145 | 171 | 179 | 205 | 232 | 241 | 251 | 278 |
| Capital Expenditure | 85 | 93 | 167 | 197 | 288 | 356 | 264 | 222 | 266 | 279 | 334 | 474 |
| Employees | 28,600 | 34,500 | 35,700 | 43,400 | 43,300 | 51,700 | 52,000 | 65,600 | 70,200 | 72,200 | 81,000 | 83,500 |
| Net Sales/Employee | 142,700 | 133,700 | 150,500 | 206,400 | 239,200 | 254,800 | 265,900 | 275,700 | 282,800 | 299,400 | 297,100 | 329,400 |
| Shipbuilding Unit | ||||||||||||
| Net Sales | 2,832 | 2,861 | 3,070 | 3,088 | 3,413 | 3,612 | 3,650 | 4,271 | 4,726 | 4,695 | 4,940 | 4,993 |
| Operating Margin | 266 | 289 | 325 | 328 | 324 | 310 | 287 | 216 | 292 | 249 | 375 | 421 |
| Operating Margin (%) | 9.4% | 10.1% | 10.6% | 10.6% | 9.5% | 8.6% |